Friday, October 13, 2017

Review of 'The Corruption of Capitalism'

A bit of a disappointment, in that the ideas in the book are better than the book itself.  I've heard Guy Standing talking about the ideas on the radio, and he was very good. It rather feels like the publisher told him to make it longer, so he crow barred in some other stuff about how shit everything is - how the political system is broken, how platform capitalism is turning lots of people into pure labour-for-hire...I don't disagree with any of it, and he makes his points well with lots of examples; but it distracts from the main argument, which is about how 'free' markets are anything but.

Capital isn't interested in free markets or competition, and does everything it can to structure and seek out markets where competition is weak or non-existent - through licensed monopolies from the state and/or through patents and copyright. Indeed, I think too many people on the left believe the neo-Liberalism is about rolling back the state, as it pretends to be, when actually the state is crucial for assembling the markets (think the NHS or benefits system) so that they can be exploited, and for enforcing and protecting the monopolies.

There is also a sense in which the relentless barrage of numbers become a bit wearing - an infographic or two to break up the page might have been nice.

Overall this is a good and important book, buried inside a slightly less good one.

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